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In the first-quarter GDP grew 2.2 %
GDP, U.S. Economy
The U.S. economy grew at a solid pace during the January-through-March period, as private domestic investments and foreign demand for American products pick up.
In the first-quarter Gross domestic product has climbed by 2.2 % to $19,957 billions, an increase from $19,754 billions in the forth-quarter on the seasonally adjusted basis, driven by higher investments, up 7.2 %, reported by the Commerce Department. Exports and investments grew above averge in the first-quarter.
Broad-based economic growth at a solid pace during the first-quarter, raises hopes that, the U.S. economy is on self-sustaining path.
The newly revised growth numbers reinforce the view that the economy remains in a very strong state. Salaries and Worker wages grew by 1.38 % quarterly.
U.S. Gross National Product grew by 2.8 % over the past 12 months, as businesses increase investments and foreign demand for American products grows. |
Federal spending rose 1.70 %, including an 1.80 % rise in national defense spending. Government spending on national defense accounts for 3.86 % of total nation's output and 22.34 % of total government spending. Spending by government at all levels has climbed by 1.10 %.
The second estimate of GDP incorporates more data from the private sector and provides a more accurate measure of growth than the initial report. The revision is also the first to include data on business earnings.
In the first-quarter Consumer spending jumped by 1.0 %
With estimated annual rate of $13,776 billions, seasonally adjusted in the forth-quarter, consumer spending accounts for 69.74 % of economic activity on the seasonally adjusted basis, led by growing demand for financial services, reported by the U.S. Commerce Department.
Final sales, which exclude inventory behavior, were down to a 2.0 % gain in the first-quarter, following a 3.4 % gain in the forth-quarter.
• More on U.S. Real Gross Domestic Product
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Contributions
to Percent Change in Real GDP |
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0.71% |
1.18% |
0.20% |
0.08% |
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Investments |
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Investments soared by 7.20 % to $3,378 billions on the seasonally adjusted basis, reported by the Commerce Department.
Businesses increased investments by 9.20 % and accelerated and added 1.18 of a percentage point to growth, much more spending on structures took place January-through-March period with 14.20 %, annual pace, a potential bright spot on the economic landscape and added 1.05 of a percentage point to Gross domestic product.
Stronger inventory buildup from January-through-March, added 0.13 percentage point to growth.
Economists expect companies to cut back on inventories in the April-through-June quarter. As a result, GDP growth is expected to slow.
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International Trade |
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Diversified |
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Exports rose 4.20 % in the first-quarter; imports increased 2.80 %. Net exports added 0.08 of a percentage point to growth in the first-quarter, after -1.16 of a point from growth for the first-quarter.
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• Relation of U.S. GDP, U.S. GNP
• Corporate Profits by Industry
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Quarters seasonally adjusted
(At annual rates Q / Q, in %) |
I Quarter
2018
rev. |
IV Quarter
2017
adv. |
III Quarter
2017
final |
II Quarter
2017
rev. |
I Quarter
2017
adv. |
IV Quarter
2016
final |
| Gross domestic product (GDP) |
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2.2 % |
2.9 % |
3.2 % |
3.1 % |
1.4 % |
2.1 % |
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Personal consumption expenditures |
|
1 % |
4 % |
2.2 % |
3.3 % |
1.1 % |
3.5 % |
| Goods |
|
0.4 % |
4.8 % |
2.3 % |
4.2 % |
1.6 % |
3.3 % |
| Durable goods |
|
-2.6 % |
13.7 % |
8.6 % |
7.6 % |
-1.6 % |
11.4 % |
| Nondurable goods |
|
1.8 % |
2.3 % |
1.1 % |
2.3 % |
1.4 % |
2.4 % |
| Services
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|
-0.6 % |
7.8 % |
4.5 % |
5.4 % |
0.5 % |
6 % |
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Gross private domestic investment |
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7.2 % |
4.7 % |
7.3 % |
3.9 % |
3.7 % |
9.4 % |
| Fixed investment |
|
6.5 % |
8.2 % |
2.4 % |
3.2 % |
11 % |
2.9 % |
| Nonresidential |
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9.2 % |
6.8 % |
4.7 % |
6.7 % |
10.4 % |
0.9 % |
| Structures |
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14.2 % |
6.3 % |
-7 % |
7 % |
22.6 % |
-1.9 % |
| Equipment &
software |
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5.5 % |
11.6 % |
10.8 % |
8.8 % |
7.8 % |
1.9 % |
| Residential |
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-2 % |
12.8 % |
-4.7 % |
-7.3 % |
13 % |
9.6 % |
| Change in private
inventories |
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- % |
- % |
- % |
- % |
- % |
- % |
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Net exports of goods and services |
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| Exports
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4.2 % |
7 % |
2.1 % |
3.5 % |
7 % |
-4.5 % |
| Goods |
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5.4 % |
11.6 % |
1.8 % |
2.2 % |
10.5 % |
-6.7 % |
| Services |
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1.9 % |
-1.4 % |
2.5 % |
6.2 % |
0.7 % |
-0.1 % |
| Imports
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2.8 % |
14.1 % |
-0.7 % |
1.5 % |
4 % |
9 % |
| Goods |
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2.2 % |
17.3 % |
-0.2 % |
1.3 % |
4.4 % |
10.9 % |
| Services |
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5.5 % |
1.1 % |
-2.6 % |
2.2 % |
2.4 % |
0.7 % |
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| Govt. consumption exp.
& gross investment |
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1.1 % |
3 % |
0.7 % |
-0.2 % |
-0.9 % |
0.2 % |
| Federal |
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1.7 % |
3.2 % |
1.3 % |
1.9 % |
-2 % |
-1.2 % |
| National defense |
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1.8 % |
5.5 % |
2.4 % |
4.7 % |
-3.9 % |
-3.6 % |
| Nondefense |
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1.6 % |
-0.1 % |
-0.2 % |
-1.9 % |
0.7 % |
2.3 % |
| State & local |
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0.8 % |
2.9 % |
0.2 % |
-1.5 % |
-0.2 % |
1 % |
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| Addenda: |
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| Final sales of domestic product |
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2 % |
3.4 % |
2.4 % |
2.9 % |
2.6 % |
1.1 % |
| Gross domestic purchases |
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2 % |
4 % |
2.7 % |
2.8 % |
1.2 % |
3.9 % |
| Final sales to domestic
purchasers |
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1.9 % |
4.5 % |
1.9 % |
2.7 % |
2.3 % |
2.8 % |
| Gross national product
(GNP) |
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2 % |
2.7 % |
3.7 % |
2.8 % |
1.1 % |
2.9 % |
| Disposable personal income |
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3.3 % |
1.1 % |
0.5 % |
3.3 % |
1.7 % |
2 % |
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| Current-dollar measures: |
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| GDP |
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4.2 % |
5.3 % |
5.3 % |
4.1 % |
3.4 % |
4.2 % |
| Final sales of domestic product |
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2.1 % |
4.8 % |
2.2 % |
3.3 % |
2.9 % |
3.4 % |
| Gross domestic purchases |
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2 % |
4 % |
2.7 % |
2.8 % |
1.2 % |
3.9 % |
| Final sales to domestic purchasers |
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1.9 % |
4.5 % |
1.9 % |
2.7 % |
2.3 % |
2.8 % |
| GNP |
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2 % |
2.7 % |
3.7 % |
2.8 % |
1.1 % |
2.9 % |
| Disposable personal income |
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3.3 % |
1.1 % |
0.5 % |
3.3 % |
1.7 % |
2 % |
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Quarters seasonally adjusted
(Quarterly Y / Y, in %) |
I Quarter
2018
rev. |
IV Quarter
2017
adv. |
III Quarter
2017
final |
II Quarter
2017
rev. |
I Quarter
2017
adv. |
IV Quarter
2016
final |
| Gross domestic product (GDP) |
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2.8 % |
2.6 % |
2.3 % |
2.2 % |
2.1 % |
2 % |
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Personal consumption expenditures |
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2.6 % |
2.8 % |
2.6 % |
2.7 % |
3 % |
3.1 % |
| Goods |
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2.9 % |
3.1 % |
2.4 % |
2 % |
2.5 % |
2.6 % |
| Durable goods |
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6.7 % |
7.3 % |
6.1 % |
6.8 % |
7.7 % |
7.9 % |
| Nondurable goods |
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1.9 % |
2.1 % |
2.1 % |
2.3 % |
2.4 % |
2.5 % |
| Services
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4.2 % |
4.5 % |
3.7 % |
3.6 % |
4.2 % |
4.4 % |
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Gross private domestic investment |
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5.8 % |
3.6 % |
4.6 % |
3.3 % |
1.9 % |
0.1 % |
| Fixed investment |
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5 % |
5.4 % |
3.8 % |
3.7 % |
3.1 % |
0.2 % |
| Nonresidential |
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6.8 % |
6.3 % |
4.6 % |
4.4 % |
3.3 % |
-0.1 % |
| Structures |
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4.8 % |
5 % |
2.9 % |
8.1 % |
7.1 % |
1.9 % |
| Equipment &
software |
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9.1 % |
8.9 % |
6.3 % |
3.1 % |
0.5 % |
-3.8 % |
| Residential |
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-0.6 % |
2.6 % |
1.2 % |
1.5 % |
2.3 % |
1.1 % |
| Change in private
inventories |
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- % |
- % |
- % |
- % |
- % |
- % |
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Net exports of goods and services |
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| Exports
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4.2 % |
5 % |
2.2 % |
3.3 % |
3.4 % |
1.5 % |
| Goods |
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5.2 % |
6.5 % |
2.7 % |
4.3 % |
4.7 % |
2.1 % |
| Services |
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2.3 % |
2 % |
1.3 % |
1.4 % |
1.1 % |
0.4 % |
| Imports
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4.3 % |
4.7 % |
3.1 % |
4.1 % |
3.8 % |
2.6 % |
| Goods |
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4.9 % |
5.5 % |
3.6 % |
4.1 % |
3.9 % |
2.4 % |
| Services |
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1.5 % |
0.8 % |
1.2 % |
4 % |
3.4 % |
3.4 % |
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| Govt. consumption exp.
& gross investment |
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1.1 % |
0.7 % |
-0.1 % |
-0.1 % |
-0.4 % |
0.2 % |
| Federal |
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2 % |
1 % |
0.1 % |
0.1 % |
-0.3 % |
-0.2 % |
| National defense |
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3.6 % |
2.3 % |
0.1 % |
0.1 % |
-2.2 % |
-2 % |
| Nondefense |
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-0.2 % |
-0.9 % |
- % |
0.2 % |
2.4 % |
2.5 % |
| State & local |
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0.6 % |
0.5 % |
-0.1 % |
-0.2 % |
-0.5 % |
0.4 % |
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| Addenda: |
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| Final sales of domestic product |
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2.7 % |
2.9 % |
2.2 % |
2.3 % |
2.3 % |
2 % |
| Gross domestic purchases |
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2.9 % |
2.6 % |
2.5 % |
2.3 % |
2.2 % |
2.1 % |
| Final sales to domestic
purchasers |
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2.7 % |
2.9 % |
2.2 % |
2.3 % |
2.3 % |
2 % |
| Gross national product
(GNP) |
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2.8 % |
2.5 % |
2.4 % |
2.2 % |
2.4 % |
2.1 % |
| Disposable personal income |
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2 % |
1.8 % |
1 % |
1.2 % |
1.8 % |
2.5 % |
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| Current-dollar measures: |
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| GDP |
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- % |
- % |
- % |
- % |
- % |
- % |
| Final sales of domestic product |
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- % |
- % |
- % |
- % |
- % |
- % |
| Gross domestic purchases |
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- % |
- % |
- % |
- % |
- % |
- % |
| Final sales to domestic purchasers |
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- % |
- % |
- % |
- % |
- % |
- % |
| GNP |
|
- % |
- % |
- % |
- % |
- % |
- % |
| Disposable personal income |
|
- % |
- % |
- % |
- % |
- % |
- % |
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U.S. Real Gross Domestic Product and Related Measures
GDP, U.S. Economy in Billions of U.S. dollars
Quarters seasonally adjusted
(At annual rates, in Billions of Dollars) |
I Q. 2018
rev. |
IV Q. 2017
adv. |
III Q. 2017
final |
II Q. 2017
rev. |
I Q. 2017
adv. |
IV Q. 2016
final |
| Gross domestic product
(GDP) |
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19,956.8 |
19,754.1 |
19,500.6 |
19,250.0 |
19,027.1 |
18,869.4 |
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Personal consumption expenditures |
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13,775.9 |
13,654.3 |
13,429.1 |
13,307.0 |
13,120.4 |
13,008.9 |
| Goods |
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4,416.5 |
4,401.8 |
4,301.4 |
4,247.2 |
4,220.6 |
4,187.5 |
| Durable
goods |
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1,501.7 |
1,517.8 |
1,477.6 |
1,456.6 |
1,438.9 |
1,440.9 |
| Motor vehicles & parts |
|
502.6 |
519.8 |
497.8 |
486.3 |
481.4 |
498.9 |
| Furniture & household equipment |
|
348.6 |
346.8 |
339.1 |
335.9 |
321.9 |
318.4 |
| Other |
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240.7 |
237.9 |
234.5 |
228.6 |
222.9 |
223.1 |
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| Nondurable goods |
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2,914.8 |
2,884.0 |
2,823.8 |
2,790.6 |
2,781.7 |
2,746.6 |
| Food off-premises consumption |
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958.2 |
955.3 |
939.1 |
930.8 |
938.0 |
929.6 |
| Clothing
& shoes |
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405.6 |
405.5 |
399.8 |
399.5 |
382.2 |
382.6 |
| Gasoline,
fuel, oil & other energy goods |
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340.2 |
327.5 |
296.0 |
286.5 |
307.2 |
294.9 |
| Other |
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1,210.8 |
1,195.7 |
1,188.8 |
1,173.7 |
1,154.4 |
1,139.6 |
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| Services |
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9,359.4 |
9,252.5 |
9,127.7 |
9,059.8 |
8,899.8 |
8,821.4 |
| Housing |
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8,961.1 |
8,870.0 |
8,755.2 |
8,683.1 |
8,534.7 |
8,461.4 |
| Food services |
|
896.9 |
888.8 |
879.5 |
873.8 |
873.6 |
863.0 |
| Electricity & gas |
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2,497.0 |
2,476.5 |
2,443.2 |
2,425.8 |
2,379.5 |
2,366.6 |
| Financial services |
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1,109.8 |
1,085.2 |
1,060.2 |
1,047.1 |
995.3 |
979.0 |
| Transportation |
|
415.3 |
412.2 |
404.4 |
406.1 |
381.8 |
384.8 |
| Medical
care |
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2,326.5 |
2,299.3 |
2,271.7 |
2,241.9 |
2,256.4 |
2,236.6 |
| Recreation |
|
526.4 |
522.6 |
520.8 |
515.7 |
502.9 |
493.8 |
| Other |
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1,189.2 |
1,185.4 |
1,175.3 |
1,172.7 |
1,145.3 |
1,137.5 |
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Gross private domestic investment |
|
3,378.1 |
3,295.3 |
3,249.2 |
3,178.1 |
3,139.5 |
3,101.4 |
| Fixed investment |
|
3,355.7 |
3,279.2 |
3,207.3 |
3,173.3 |
3,139.6 |
3,049.0 |
| Nonresidential |
|
2,577.1 |
2,513.0 |
2,468.4 |
2,433.6 |
2,389.1 |
2,324.2 |
| Structures |
|
594.7 |
570.3 |
559.0 |
563.0 |
530.9 |
501.3 |
| Equipment & software |
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1,158.8 |
1,142.5 |
1,111.0 |
1,082.3 |
1,074.8 |
1,053.5 |
| Information processing equipment & software |
|
343.4 |
334.7 |
327.7 |
319.3 |
333.0 |
324.4 |
| Computers & peripheral equipment |
|
87.0 |
79.2 |
84.9 |
80.1 |
77.5 |
74.4 |
| Software |
|
385.9 |
373.2 |
375.9 |
370.6 |
347.6 |
343.7 |
| Other |
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256.4 |
255.5 |
242.8 |
239.2 |
255.5 |
250.0 |
| Industrial equipment |
|
256.2 |
250.6 |
246.7 |
241.7 |
233.7 |
228.7 |
| Transportation equipment |
|
304.7 |
302.4 |
292.8 |
283.5 |
293.1 |
286.6 |
| Other equipment |
|
254.5 |
254.8 |
243.8 |
237.8 |
215.0 |
213.8 |
| Residential |
|
778.7 |
766.2 |
738.9 |
739.7 |
750.5 |
724.8 |
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| Change
in private inventories |
|
22.4 |
16.0 |
41.9 |
4.9 |
-0.1 |
52.4 |
| Farm |
|
3.1 |
3.5 |
3.4 |
0.3 |
-7.6 |
-9.2 |
| Nonfarm |
|
19.2 |
12.5 |
38.5 |
4.6 |
7.5 |
61.5 |
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| Net
exports of goods & services |
|
-640.7 |
-602.0 |
-534.1 |
-567.2 |
-562.8 |
-545.2 |
| Exports |
|
2,468.3 |
2,419.6 |
2,345.9 |
2,314.9 |
2,319.4 |
2,264.8 |
| Goods |
|
1,644.9 |
1,607.4 |
1,544.1 |
1,520.9 |
1,524.5 |
1,476.0 |
| Services |
|
823.4 |
812.2 |
801.8 |
794.0 |
794.9 |
788.8 |
| |
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|
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| Imports |
|
3,109.0 |
3,021.6 |
2,880.1 |
2,882.1 |
2,882.2 |
2,810.0 |
| Goods |
|
2,552.3 |
2,478.6 |
2,345.2 |
2,350.3 |
2,362.2 |
2,294.6 |
| Services |
|
556.7 |
543.0 |
534.8 |
531.9 |
520.1 |
515.4 |
| |
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| Govt. consumption exp. & investment |
|
3,443.5 |
3,406.6 |
3,356.5 |
3,332.1 |
3,330.1 |
3,304.3 |
| Federal |
|
1,297.2 |
1,278.9 |
1,263.5 |
1,255.8 |
1,260.3 |
1,253.2 |
|
National defense |
|
769.4 |
759.4 |
746.7 |
741.4 |
732.1 |
732.0 |
|
Consumption expenditures |
|
606.5 |
598.5 |
590.1 |
584.7 |
583.9 |
586.3 |
|
Gross investment |
|
162.9 |
160.9 |
156.5 |
156.6 |
148.2 |
145.7 |
|
Nondefense |
|
527.8 |
519.5 |
516.9 |
514.5 |
528.2 |
521.2 |
|
Consumption expenditures |
|
398.8 |
392.9 |
391.0 |
386.1 |
402.6 |
397.4 |
|
Gross investment |
|
129.1 |
126.5 |
125.9 |
128.4 |
125.7 |
123.8 |
| State and local |
|
2,146.3 |
2,127.7 |
2,092.9 |
2,076.2 |
2,069.8 |
2,051.1 |
| Consumption
expenditures |
|
1,796.0 |
1,780.8 |
1,759.8 |
1,743.7 |
1,717.1 |
1,697.9 |
| Gross
investment |
|
350.3 |
346.9 |
333.1 |
332.5 |
352.6 |
353.2 |
| |
|
|
|
|
|
|
|
| Addenda: |
|
|
|
|
|
|
|
| Final sales of domestic product |
|
19,934.5 |
19,738.1 |
19,458.7 |
19,245.2 |
19,027.2 |
18,817.0 |
| Gross domestic purchases |
|
20,597.5 |
20,356.1 |
20,034.8 |
19,817.2 |
19,589.9 |
19,414.6 |
| Final sales to domestic purchasers |
|
19,934.5 |
19,738.1 |
19,458.7 |
19,245.2 |
19,027.2 |
18,817.0 |
| Gross national product |
|
20,173.1 |
19,976.4 |
19,728.9 |
19,452.4 |
19,255.5 |
19,112.4 |
| Net domestic product |
|
16,836.3 |
16,674.1 |
16,448.5 |
16,229.3 |
16,056.6 |
15,924.7 |
Annual U.S. Real Gross Domestic Product and Related Measures
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Quarters seasonally adjusted
(At annual rates Q / Q, in %) |
2017
|
2016
|
2015
|
2014
|
2013
|
2012
|
| Gross domestic product (GDP) |
|
2.3 % |
1.5 % |
2.6 % |
2.4 % |
2.2 % |
2.8 % |
|
Personal consumption expenditures |
|
2.8 % |
2.7 % |
3.2 % |
2.5 % |
2.4 % |
2.2 % |
| Goods |
|
2.4 % |
2.8 % |
2.6 % |
1.8 % |
1.9 % |
1.4 % |
| Durable goods |
|
3.9 % |
3.7 % |
4 % |
6.9 % |
6.7 % |
7.7 % |
| Nondurable goods |
|
2.2 % |
2.3 % |
2.8 % |
2.1 % |
1.9 % |
1.6 % |
| Services
|
|
3.3 % |
-1.6 % |
5 % |
3.4 % |
3.4 % |
3.3 % |
| |
|
|
|
|
|
|
|
Gross private domestic investment |
|
6.7 % |
5.5 % |
6.9 % |
5.8 % |
4.9 % |
9.5 % |
| Fixed investment |
|
4.7 % |
-0.6 % |
2.1 % |
5.3 % |
4.7 % |
8.3 % |
| Nonresidential |
|
5.6 % |
-4.1 % |
-4.4 % |
6.3 % |
3 % |
7.3 % |
| Structures |
|
4.8 % |
-3.4 % |
3.5 % |
8.2 % |
-0.5 % |
12.7 % |
| Equipment &
software |
|
3.9 % |
6.3 % |
4.8 % |
6.4 % |
4.6 % |
7.6 % |
| Residential |
|
1.8 % |
5.5 % |
11.7 % |
4.8 % |
3.4 % |
3.4 % |
| Change in private
inventories |
|
- % |
- % |
- % |
- % |
- % |
- % |
| |
|
|
|
|
|
|
|
Net exports of goods and services |
|
|
|
|
|
|
| Exports
|
|
3.4 % |
-0.3 % |
0.1 % |
3.2 % |
3 % |
3.5 % |
| Goods |
|
4.5 % |
0.3 % |
-0.6 % |
4 % |
2.8 % |
3.8 % |
| Services |
|
1.3 % |
-1.5 % |
1.6 % |
1.4 % |
3.6 % |
3 % |
| Imports
|
|
4 % |
1.3 % |
4.6 % |
4 % |
1.1 % |
2.2 % |
| Goods |
|
4.3 % |
0.9 % |
4.9 % |
4.1 % |
0.9 % |
2.1 % |
| Services |
|
2.5 % |
3.1 % |
2.9 % |
3.6 % |
2.2 % |
2.7 % |
| |
|
|
|
|
|
|
| Govt. consumption exp.
& gross investment |
|
0.1 % |
0.8 % |
1.8 % |
-0.2 % |
-2 % |
-1.4 % |
| Federal |
|
0.2 % |
- % |
- % |
-1.9 % |
-5.7 % |
-3.2 % |
| National defense |
|
0.2 % |
-0.7 % |
-2.1 % |
-2.1 % |
-6.6 % |
1.8 % |
| Nondefense |
|
0.1 % |
1.2 % |
3.3 % |
-1.5 % |
-4.1 % |
-0.7 % |
| State & local |
|
0.1 % |
1.2 % |
2.9 % |
1 % |
0.5 % |
-0.7 % |
| |
|
|
|
|
|
|
| Addenda: |
|
|
|
|
|
|
| Final sales of domestic product |
|
2.4 % |
1.9 % |
2.4 % |
2.3 % |
2.2 % |
2.6 % |
| Gross domestic purchases |
|
2.4 % |
1.7 % |
3.2 % |
2.5 % |
1.9 % |
2.6 % |
| Final sales to domestic
purchasers |
|
2.5 % |
2.1 % |
3.1 % |
2.5 % |
1.9 % |
2.4 % |
| Gross national product
(GNP) |
|
2.3 % |
1.4 % |
2.3 % |
2.3 % |
2.2 % |
2.5 % |
| Disposable personal income |
|
1.2 % |
1.4 % |
3.5 % |
2.5 % |
2.2 % |
2.7 % |
| |
|
|
|
|
|
|
| Current-dollar measures: |
|
|
|
|
|
|
| GDP |
|
4.1 % |
2.8 % |
3.7 % |
3.9 % |
- % |
4.6 % |
| Final sales of domestic product |
|
3.5 % |
2.1 % |
3.6 % |
3.9 % |
3.7 % |
4.4 % |
| Gross domestic purchases |
|
3.8 % |
2.5 % |
3.7 % |
3.9 % |
3.7 % |
4.3 % |
| Final sales to domestic purchasers |
|
4.7 % |
3.5 % |
3.8 % |
3.9 % |
- % |
4.1 % |
| GNP |
|
4.2 % |
2.7 % |
3.4 % |
3.7 % |
3.2 % |
4.3 % |
| Disposable personal income |
|
2.9 % |
2.6 % |
3.8 % |
3.8 % |
3.7 % |
4.4 % |
| |
|
|
|
|
|
|
Annual U.S. GDP
(In Billions of Dollars) |
2017
|
2016
|
2015
|
2014
|
2013
|
2012
|
| Gross domestic product
(GDP) |
|
19,390.6 |
18,624.5 |
18,036.6 |
17,418.9 |
16,799.7 |
16,244.6 |
|
Personal consumption expenditures |
|
13,395.5 |
12,820.7 |
12,283.7 |
11,930.3 |
11,501.5 |
11,149.6 |
| Goods |
|
4,295.3 |
4,121.4 |
4,012.1 |
3,968.7 |
3,885.9 |
3,769.7 |
| Durable
goods |
|
1,473.8 |
1,411.0 |
1,355.2 |
1,302.5 |
1,263.0 |
1,202.7 |
| Motor vehicles & parts |
|
498.2 |
480.8 |
464.8 |
447.8 |
424.5 |
401.7 |
| Furniture & household equipment |
|
338.7 |
325.2 |
305.1 |
287.5 |
285.8 |
275.1 |
| Other |
|
405.8 |
385.5 |
376.6 |
205.5 |
205.0 |
191.3 |
| |
|
|
|
|
|
|
|
| Nondurable goods |
|
2,821.5 |
2,710.4 |
2,656.9 |
2,666.2 |
2,622.9 |
2,567.0 |
| Food off-premises consumption |
|
937.7 |
915.1 |
900.7 |
888.6 |
884.0 |
863.3 |
| Clothing
& shoes |
|
400.2 |
393.7 |
379.5 |
365.4 |
362.7 |
354.6 |
| Gasoline,
fuel, oil & other energy goods |
|
304.1 |
273.7 |
303.7 |
398.3 |
408.7 |
417.0 |
| Other |
|
1,172.8 |
1,126.1 |
1,076.9 |
1,013.9 |
967.5 |
932.1 |
| |
|
|
|
|
|
|
|
| Services |
|
9,100.2 |
8,699.3 |
8,271.6 |
7,961.7 |
7,615.7 |
7,379.9 |
| Housing |
|
8,723.3 |
8,340.4 |
7,943.7 |
7,633.7 |
7,326.2 |
7,089.4 |
| Food services |
|
878.2 |
849.2 |
808.8 |
755.5 |
736.5 |
701.7 |
| Electricity & gas |
|
3,197.2 |
3,022.1 |
2,963.2 |
2,166.0 |
2,082.5 |
2,013.9 |
| Financial services |
|
1,054.6 |
984.7 |
921.1 |
885.1 |
849.2 |
821.0 |
| Transportation |
|
406.6 |
392.5 |
368.4 |
344.9 |
324.3 |
318.1 |
| Medical
care |
|
2,259.9 |
2,163.7 |
2,069.0 |
1,997.2 |
1,918.6 |
1,847.6 |
| Recreation |
|
518.0 |
492.6 |
466.3 |
444.6 |
427.2 |
416.6 |
| Other |
|
1,172.8 |
1,126.1 |
1,076.9 |
1,040.4 |
987.9 |
970.4 |
| |
|
|
|
|
|
|
|
|
Gross private domestic investment |
|
3,212.8 |
3,057.2 |
3,056.6 |
2,851.6 |
2,670.0 |
2,475.2 |
| Fixed investment |
|
3,197.2 |
3,022.1 |
2,963.2 |
2,769.6 |
2,564.0 |
2,409.1 |
| Nonresidential |
|
2,449.6 |
2,316.3 |
2,311.3 |
2,210.5 |
2,047.1 |
1,970.0 |
| Structures |
|
560.2 |
516.2 |
507.3 |
506.9 |
456.4 |
437.3 |
| Equipment & software |
|
1,098.4 |
1,043.9 |
1,086.1 |
1,017.3 |
939.7 |
907.6 |
| Information processing equipment & software |
|
323.1 |
303.9 |
314.3 |
294.1 |
290.1 |
284.5 |
| Computers & peripheral equipment |
|
79.2 |
73.1 |
78.5 |
75.7 |
77.9 |
79.2 |
| Software |
|
243.9 |
230.8 |
235.8 |
304.9 |
294.4 |
281.6 |
| Other |
|
243.9 |
230.8 |
235.8 |
218.4 |
212.2 |
205.4 |
| Industrial equipment |
|
243.3 |
225.0 |
220.9 |
238.6 |
202.8 |
195.3 |
| Transportation equipment |
|
290.3 |
286.7 |
308.1 |
257.6 |
218.9 |
214.4 |
| Other equipment |
|
241.6 |
228.3 |
242.9 |
227.0 |
227.9 |
213.4 |
| Residential |
|
747.6 |
705.9 |
651.9 |
559.1 |
516.9 |
439.2 |
| |
|
|
|
|
|
|
|
| Change
in private inventories |
|
15.7 |
35.1 |
93.4 |
82.0 |
106.1 |
66.1 |
| Farm |
|
2.4 |
-0.6 |
-2.0 |
7.9 |
40.4 |
-11.7 |
| Nonfarm |
|
13.2 |
35.7 |
95.4 |
74.1 |
65.7 |
77.8 |
| |
|
|
|
|
|
|
|
| Net
exports of goods & services |
|
-571.6 |
-521.2 |
-522.0 |
-538.2 |
-497.3 |
-547.2 |
| Exports |
|
2,344.0 |
2,214.6 |
2,264.3 |
2,337.0 |
2,259.9 |
2,195.9 |
| Goods |
|
1,546.8 |
1,446.0 |
1,498.4 |
1,614.7 |
1,567.0 |
1,536.0 |
| Services |
|
797.1 |
768.5 |
765.9 |
722.2 |
692.9 |
659.9 |
| |
|
|
|
|
|
|
|
| Imports |
|
2,915.6 |
2,735.8 |
2,786.3 |
2,875.2 |
2,757.2 |
2,743.1 |
| Goods |
|
2,381.8 |
2,224.2 |
2,291.1 |
2,385.5 |
2,296.0 |
2,295.4 |
| Services |
|
533.8 |
511.6 |
495.2 |
489.7 |
461.2 |
447.7 |
| |
|
|
|
|
|
|
|
| Govt. consumption exp. & investment |
|
3,353.8 |
3,267.8 |
3,218.3 |
3,175.2 |
3,125.5 |
3,167.0 |
| Federal |
|
1,260.7 |
1,231.5 |
1,225.0 |
1,219.2 |
1,245.9 |
1,295.7 |
|
National defense |
|
744.4 |
728.9 |
732.0 |
761.5 |
770.7 |
817.1 |
|
Consumption expenditures |
|
588.7 |
585.2 |
590.6 |
618.9 |
612.0 |
652.0 |
|
Gross investment |
|
155.7 |
143.7 |
141.3 |
142.6 |
158.7 |
165.1 |
|
Nondefense |
|
516.2 |
502.6 |
493.0 |
457.6 |
475.1 |
478.6 |
|
Consumption expenditures |
|
389.1 |
379.4 |
373.1 |
346.3 |
359.0 |
359.7 |
|
Gross investment |
|
127.2 |
123.3 |
119.9 |
111.3 |
116.1 |
118.9 |
| State and local |
|
2,093.2 |
2,036.3 |
1,993.3 |
1,956.1 |
1,879.6 |
1,871.3 |
| Consumption
expenditures |
|
1,754.4 |
1,693.6 |
1,641.2 |
1,620.4 |
1,548.1 |
1,536.4 |
| Gross
investment |
|
338.8 |
342.7 |
352.2 |
335.7 |
331.5 |
334.9 |
| |
|
|
|
|
|
|
|
| Addenda: |
|
|
|
|
|
|
|
| Final sales of domestic product |
|
19,374.9 |
18,589.4 |
17,943.3 |
17,336.9 |
16,693.7 |
16,178.5 |
| Gross domestic purchases |
|
19,962.2 |
19,145.7 |
18,558.6 |
17,957.2 |
17,297.0 |
16,791.8 |
| Final sales to domestic purchasers |
|
19,946.5 |
19,110.6 |
18,465.2 |
17,875.1 |
17,191.0 |
16,725.7 |
| Gross national product |
|
16,592.7 |
15,842.8 |
15,246.9 |
17,630.6 |
17,057.5 |
16,497.4 |
| Net domestic product |
|
19,390.6 |
18,624.5 |
18,036.6 |
14,682.7 |
14,153.2 |
13,701.7 |
Next U.S. GDP report is expected on February 25, 2121.
|
